BP Scales Back Biofuels Projects, Focuses on High Oil Demand into the 2040s ...Middle East

Oil giant BP reported a stronger-than-expected net profit for the second quarter and raised its divided despite earlier warnings of lower refining margins. The oil major posted underlying replacement profit – a sign of the firm’s profit were it not for unexpected or unusual expenses – of $2.8 (£2.2bn), beating analyst expectations of $2.6bn (£2bn). As a result the energy firm announced an increase to its dividend of 10 per cent and hiked its share buyback programme to the fourth quarter. The results come despite what…

Hence then, the article about bp scales back biofuels projects focuses on high oil demand into the 2040s was published today ( Tuesday 30/07/2024 - 06:08 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( BP Scales Back Biofuels Projects, Focuses on High Oil Demand into the 2040s )

Also on site :

• SeaVerse Launches World's First AI Native Platform, "All in AI Native" Leads the Forward-Looking Revolution in AI Creation
• Lithium Has Become a National Security Priority for the United States
• Nigeria: Central Bank's Liquidity Boost Drives 38 Percent Surge in Dollar Inflows for December